da_trader 🇺🇸

$SOXX — 𝗧𝗼 𝗧𝗵𝗼𝘀𝗲 𝗪𝗵𝗼 𝗗𝗼𝘂𝗯𝘁 𝗧𝗵𝗲 𝗕𝗼𝘁𝘁𝗼𝗺. 11/01/26 𝗬𝗲𝘀, the May–November rising support (maroon line) has broken. Even the much older ascending black trendline has been violated. But 𝗱𝗼𝗻'𝘁 𝗰𝗼𝗻𝗳𝘂𝘀𝗲 𝗮 𝗯𝗿𝗼𝗸𝗲𝗻 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝘄𝗶𝘁𝗵 𝗮 𝗯𝗿𝗼𝗸𝗲𝗻 𝗺𝗮𝗿𝗸𝗲𝘁. 𝗧𝗵𝗲 𝗿𝗲𝗮𝗹 𝘀𝘁𝗼𝗿𝘆 𝗶𝘀 𝘁𝗵𝗲 𝗩𝗪𝗔𝗣. My anchored VWAP near $459.40 caught Friday's capitulation wick almost perfectly. Price rebounded roughly $14 from that level into the close. See the red ellipse and where price bottomed; perfection! As discussed yesterday, $SOXL's net volume surged from −20% to +5% during the final two trading hours. That is a remarkable shift in buying pressure amid apparent technical destruction and fear. 𝗠𝘆 𝗶𝗻𝘁𝗲𝗿𝗽𝗿𝗲𝘁𝗮𝘁𝗶𝗼𝗻: Capitulation, absorption, and a potential transfer of control back to buyers. 𝗧𝗵𝗲 𝗯𝗲𝗮𝗿𝘀 𝘀𝗲𝗲 𝗯𝗿𝗼𝗸𝗲𝗻 𝗹𝗶𝗻𝗲𝘀. 𝗜 𝘀𝗲𝗲 𝗮 𝗩𝗪𝗔𝗣 𝗱𝗲𝗳𝗲𝗻𝗱𝗲𝗱. As long as ~$459 holds, the opportunity remains for $SOXX to reclaim the broken trendlines and reenter the upper triangular structure. 𝗧𝗼𝗱𝗮𝘆'𝘀 𝗯𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘁𝗼𝗺𝗼𝗿𝗿𝗼𝘄'𝘀 𝗯𝗲𝗮𝗿 𝘁𝗿𝗮𝗽. I'm constructive on $SOXX and $SOXL. The VWAP is my line in the sand. The market maker will provide you with the bullish narrative leading into the midterms. Share & Subscribe, <link in bio>. $SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY $DRAM $SNDK $MU $EWJ $EWY